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Article on Apr 16, 2022

The Typical 1031 Exchange Timeline

Infographic: The 1031 Exchange Timeline Share this Infographic Image on Your Site The 1031 Exchange Timeline 1031 Like-Kind Exchanges: Important...

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Article on Mar 26, 2022

Can You Live In A 1031 Exchange Property?

You may have invested in a 1031 exchange and are now considering converting the property into a primary residence; however,...

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Article on Mar 19, 2022

Delaware Statutory Trust vs. Triple Net Lease

Commercial real estate is one of the most sought-after investments these days as it offers high income, appreciation potential, and...

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Common Questions

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Glossary Definitions

Government National Mortgage Association (Ginnie Mae)

A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress on September 1, 1968, GNMA performs the same role as Fannie Mae and Freddie Mac in providing funds to lenders for making home loans. The difference is that Ginnie Mae provides funds for government loans (FHA and VA)

government loan (mortgage)

A mortgage that is insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) or the Rural Housing Service (RHS). Mortgages that are not government loans are classified as conventional loans.

401(k)/403(b) loan

Some administrators of 401(k)/403(b) plans allow for loans against the monies you have accumulated in these plans. Loans against 401K plans are an acceptable source of down payment for most types of loans.

401(k)/403(b)

An employer-sponsored investment plan that allows individuals to set aside tax-deferred income for retirement or emergency purposes. 401(k) plans are provided by employers that are private corporations. 403(b) plans are provided by employers that are not for profit organizations.

foreclosure

The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.

flood insurance

Insurance that compensates for physical property damage resulting from flooding. It is required for properties located in federally designated flood areas.

fixture

Personal property that becomes real property when attached in a permanent manner to real estate.

fixed-rate mortgage

A mortgage in which the interest rate does not change during the entire term of the loan.

first mortgage

The mortgage that is in first place among any loans recorded against a property. Usually refers to the date in which loans are recorded, but there are exceptions.

firm commitment

A lender’s agreement to make a loan to a specific borrower on a specific property.

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Helpful Articles

The Typical 1031 Exchange Timeline

Can You Live In A 1031 Exchange Property?

Delaware Statutory Trust vs. Triple Net Lease

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

25511 Budde Road, Suite 1002
The Woodlands, Texas 77380

Resources

Helpful Articles

The Typical 1031 Exchange Timeline

Can You Live In A 1031 Exchange Property?

Delaware Statutory Trust vs. Triple Net Lease

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

25511 Budde Road, Suite 1002 The Woodlands, Texas 77380

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25511 Budde Road, Suite 1002
The Woodlands, Texas 77380